May 2, 2024 at 7:15 am GMT
** India's benchmark indexes Nifty 50 . NSEI and S&P BSE Sensex .BSESN advanced 0.4%, each led by gains in energy, auto stocks
** Nifty energy index .NIFTYENR rose 1.2% after global oil prices dropped overnight, aiding domestic oil marketing companies like Bharat Petroleum BPCL .NS, Hindustan Petroleum HPCL .NS, Power Grid Corp PGRD .NS - up between 4.1%-7.8% O/R
** Drop in global oil prices is seen as a positive sign for inflation expectations in India
** Auto index .NIFTYAUTO rose 1.2% on higher car, two-wheeler sales in April
** Index majors Mahindra and Mahindra MAHM .NS, Bajaj Auto .NS climbed 1.5% and 1.8%, respectively - among top gainers on Nifty
** Traders now eye quarterly results due later in the session, from behemoths like Adani Enterprises ADEL .NS, Adani Ports APSE .NS - up 1.5% and 0.7%, respectively
** Sentiment remained positive after U.S. Fed on late Wednesday ruled out further rate hikes, and kept interest rates unchanged in a policy meeting, in-line with market expectations MKTS /GLOB
Reporting by Manvi Pant in Bengaluru
Sumber : Reuters
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